Bank of America says, “The acquisition certainly raises the profile of other Cloud names like CRM, RAX, CNQR, and especially TLEO. TLEO is a direct competitor to SFSF in the talent management space and one of the few to have built a platform targeting recruiting, performance mgt, learning and compensation. This deal puts TLEO in a scarce bucket of fast growing Cloud companies (+34% for CY11E, organic +20-25%) targeting the talent management space.”